Blockchain

Yuga Labs Faces IP Piracy Allegations Over Its Wolf Skull Logo


Era Labs has been indicted for illegally using the wolf skull symbol for its Bored Ape Kennel Club (BAKC) collection.

The famous wolf skull symbol of Bored Ape Yacht Club (BAYC), Yuga Labs’ top non-fungible token (NFT) collection, was allegedly illegally trademarked.

A Twitter user named Jdotcolombo, found In a post shared on Apr 5th, 2021, Easy Drawing Guides shared a “step-by-step tutorial” on how to draw a wolf skull.

did you know

Want To Get Smarter & Richer With Crypto?

Subscribe – We publish new crypto explainer videos every week!

The art displayed by the forum was identical to the symbol displayed in the official logo of the Kennel Club of BAYC, which raised doubts about the originality of the Kennel Club collectibles, which was released on June 17, 2021.

The launch of NFTs primarily focused on offering solutions to illegal use of intellectual properties. However, it seems that Era Labs did not follow these standards and did everything the other way around.

“Easy Drawing Guides” thanks jdotcolomo for highlighting this issue and emphasis on No license was obtained by Era Labs for the use of the wolf skull sketch. The forum noted:

The intellectual property rights for the drawing belong to Easy Drawing Guides as it is our original drawing and is protected by our terms and conditions.

The Terms and Conditions of Easy Drawing Tutorials prohibit the use of proprietary content of the Platform for commercial purposes.

Yuga Labs co-founder Greg Solano revealed that the NFT marketplace hired a freelancer to design the logo.

On top of this, Solano said that Era Labs is set to remove the logo and will ask other marketplaces to do the same. In addition, Solando said that the company is investigating the matter internally.

The Bored Ape Kennel Club (BAKC) collection has a total volume of approximately 194,000 Ether (ETH) and is classified among the top NFT collections created by Yuga Labs.

Gile K.  - crypto analyst

Gill K. By – Crypto analyst, Bitdegree





Source

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker